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Did Silver Really Trade at $800 Per Troy Ounce?

The price of Silver is currently just under $25 per ounce. At its peak, Silver was trading around $50 per ounce, so it would have to rise more than 100% in order for it to reach the $50 mark. It would need to increase 32x to reach $800 an ounce from today’s numbers.

Silver is a more affordable precious metal than gold and while it tends to be more volatile, it also yields higher returns than gold. While it may not be silver’s time to reach $800 just yet, it is a valuable precious metal worth investing in.

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